All this talk of an upgrade to 2 million ounces in the near term is a little fanciful. EXM have been pretty clear that they only expect to upgrade the JORC status, not the amount held. So, a 25% increase would be awesome in my book.
I'm not sure about the other drilling programs going on but I'm pretty sure its more exploratory than JORC drilling as well.
The tails sound promising as they have decided to go back and increase the density of sample sites, but this is only going to be a small figure, hopefully enough to get some easy cash going.
I think a lot of people are maybe buying on the short term expectation of a big upgrade and will be selling pretty hard if it doesn't eventuate.
how much gold?, page-24
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